VMS Ventures Commences VTEM Airborne Survey at the Morton Lake, Hood Option and Puella Bay Properties, Snow Lake, Manitoba
March 08 2010 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce that a high definition, deep penetrating VTEM airborne
survey over three of its exploration properties in the Snow Lake
portion of the Flin Flon-Snow Lake greenstone belt of Manitoba is
now underway. The survey is being contracted by Geotech Ltd. of
Aurora, Ontario. The survey will complete the surveying of most of
the properties held by the Company in the Snow Lake area that are
prospective for the copper-zinc-gold-silver massive sulphide type
deposits mined in the region. The survey is designed to fly 2,478
line km and cover an area of approximately 230 square kilometers
(89 square miles).
The VTEM survey gathers data from the underlying rock with
respect to their conductivity and magnetic properties. The
Cu-Zn-Au-Ag deposits mined in this area are characterized by
strongly conductive geophysical signatures, often accompanied by an
associated magnetic signature. The survey detects highly conductive
and magnetic rock bodies such as base metal massive sulphide
deposits to greater depths than the previous generation of airborne
systems. This is particularly useful for the discovery of buried or
hidden massive sulphide deposits in this area of Snow Lake Mining
Camp, where Paleozoic-aged dolomite covers the prospective
greenstone belt.
The Company's 2007 discovery of a high-grade copper-rich massive
sulphide deposit at the Reed Lake property in the Snow Lake belt
was a result of drilling a strongly conductive and magnetic VTEM
airborne target (See the press release dated October 4, 2007
entitled "10.50 Metres of 11.19% Copper Within 43.05 Metres of
4.38% Copper in Drill Hole 2" linked here
http://www.vmsventures.com/newsroom/NRG107.asp).
The Company uses the airborne survey as an early data baseline
for its large property packages in Manitoba. The geophysical
anomalies generated by these surveys, which can number in the
hundreds are then typically reduced to priority target areas
through a follow-up reconnaissance Mobile Metal Ion (MMI) soil
geochemical surveys under the direction of Dr. Mark Fedikow VP
Exploration and Technical Services for VMS Ventures Inc.
The MMI surveys detect metal-rich geochemical signatures in soil
samples collected above VTEM anomalies. Elevated commodity elements
such as copper, zinc, gold and silver and pathfinder metals
associated with the Flin Flon-Snow Lake VMS deposits are
characteristic of the anomalous responses. VTEM anomalies
associated with anomalous responses of these metals are then
surveyed in greater detail with a close-spaced sampling grid. An
additional phase of deep-penetrating ground geophysical surveys may
be necessary before drill targets are selected. Most of the
properties being explored by VMS in the Snow Lake region were
surveyed with VTEM geophysics in 2007 and 2008. Drilling of targets
developed from those surveys is ongoing including the program now
underway at Reed Lake. Planned spring drill programs at the Copper
Project and the Sails Lake project are based on this integrated
exploration methodology.
All technical information in this release has been reviewed by
Dr. Mark Fedikow, P.Geo. the Qualified Person, Vice President of
Exploration and Technical Services and director of VMS Ventures
Inc.
VMS Ventures Inc. currently has a profile on Corebox.net which
is updated as soon as assay results are released. The link to visit
our Corebox profile is:
http://www.corebox.net/properties/reed_lake/.
Investors are invited to visit the VMS Ventures IR Hub at
http://www.agoracom.com/IR/VMSVentures where they can post
questions and receive answers or review questions and answers
already posted by other investors. Alternatively, investors are
able to e-mail all questions and correspondence to VMS@agoracom.com
where they can also request to be added to the investor e-mail list
to receive all future press releases and updates in real time.
VMS Ventures Inc. is focused primarily on acquiring, exploring
and developing copper-zinc properties in the Flin Flon-Snow Lake
VMS Belt. The Company also holds the largest land package
considered prospective for nickel-copper mineralization at Lynn
Lake, which is to date Canada's third largest nickel producing
camp. The Company's project portfolio consists of the Snow Lake VMS
project, the Nickel Belt project and the South Bay
nickel-copper-cobalt PGE property. All VMS Ventures Inc. properties
are located in the mining friendly province of Manitoba,
Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal B.Sc.
President & Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: VMS Ventures Inc. Keith Patey Director of
Communications (604) 986-2020 Toll Free: 1-866-816-0118 (604)
986-2021 (FAX) www.vmsventures.com Coal Harbor Communications Dale
Paruk (604) 662-4505 Toll Free: 1-877-345-3399
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